Ted Sidel Arranges $4.7M Loan For Foxborough Office Building In Boston
100 Foxborough BLVD, Foxborough, M...
$4,700,000
Building Size
—
Asset Type
Office
Closing
Apr 20, 2021
AI
The property involved in the transaction is a two-story office building located at 100 Foxborough Boulevard in Foxborough, Massachusetts. The building, situated in the Foxborough Business Center, comprises 64,319 square feet of office space and offers parking for 257 vehicles. Notable features include a large glass entry leading to a two-story lobby. Current tenants of the building include Iconics, Crossmark, Weston & Sampson Engineers, and Shave Logic.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $4,700,000.00
- Address: 100 Foxborough BLVD, Foxborough, MA
- Market: Foxboro
- Borrower's Rep: Ted Sidel (EagleBridge Capital)
- Lender: Unknown Correspondent life insurance company
EagleBridge Capital, a Boston-based mortgage banking firm, facilitated a $4.7 million acquisition loan for the undisclosed borrower of the office building at 100 Foxborough Boulevard. Ted Sidel, a principal at EagleBridge Capital, orchestrated the financing, partnering with a leading financial institution based in New England.
Players
Foxboro Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.38%
Cash-on-Cash
-0.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93